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Ride-hailing fares increase sparks debate in Indonesia

If the Indonesian government increases the fares of ride-hailing services too high to please the drivers, it could turn away customers who find them no longer economical. That’s the finding of a study by the Research Institute of Socio-Economic Development (Rised), which concluded that more than 70 per cent of current customers would cease using […]

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Philippines: Gov’t eyes non-tariff fee for sugar imports

MANILA, Philippines — The government is studying the possibility of imposing a non-tariff fee for sugar imports in line with liberalizing the sugar industry, the chief of the Department of Trade and Industry (DTI) said. In an interview, Trade Secretary Ramon Lopez said one of the possible solutions to liberalize the sugar industry is to impose a non-tariff […]

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Vietnam posts US$816m January trade surplus: customs

[HANOI] Vietnam’s trade surplus stood at US$816 million in January compared with the government’s previous estimate of an US$800 million deficit for the month, customs data showed on Monday. Exports in January rose 12.4 per cent from the previous month to US$22.1 billion, while imports rose 4 per cent to US$21.3 billion, the customs department […]

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Thailand: Of debt, cars and condos

A mountain of debt continues to shackle purchasing power in Thai households as they grapple with a harsh reality amid sputtering economic conditions.  Household debt to GDP rose marginally to 78% as of last year’s third quarter from 77.9% at year-end 2017, but the debt value has risen considerably to 12.56 trillion baht from 12.1 trillion, […]

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